Friday saw cable extend its recovery off......>

CABLE: Friday saw cable extend its recovery off Thursday's pullback low of

$1.4084 to $1.4285, aided by the release of stronger than forecast UK GDP data.

However, sterling struggled to hold gains and had eased back to the $1.4140

ahead of the close. Rate touched a high of $1.4177 in early Asia(Rtrs data, Bbg

show $1.4209) before it drifted lower again, touched $1.4110 as rate reacted to

UST led Usd strength. Recovery efforts were capped ahead of $1.4150 into Europe,

the rate then settled around $1.4130. Month end approaching and models suggest

Usd sales to be seen, with sterling suggested as one of the major beneficiaries.

* Support $1.4110/00, $1.4084. Resistance $1.4250, $1.4277. 

* BOE Asset Purchase Facility Qly Report 0930GMT. 

- Jan30 House of Lords begin 2-days of EU withdrawal debate; BOE Carney at Lords

Econ. Affairs Cttee. 1530GMT.